Frost, the next-generation blockchain that’s made by blockchain-tech company First Horizon, is getting a lot of attention, but it’s worth keeping in mind that it’s actually just another distributed ledger technology.
Frost is a blockchain-based cryptocurrency that doesn’t require a central authority to process transactions.
In other words, Frost doesn’t involve any government or central bank, and can be used as a “proof-of-stake” cryptocurrency.
As such, it’s easy to see why people are excited about it, but Frost isn’t a blockchain.
Its creators have said it won’t be used for anything like that, but that could change.
And if you’re thinking of using Frost to secure a stake in your favorite blockchain company, keep in mind it’s a new cryptocurrency, not a blockchain, so there’s still the possibility that the company will fall prey to hackers.
But, if you want to use Frost as a way to secure your stake in a blockchain company or as a means of spreading the word about its technology, you’ll have to be careful.